Daniel is going to invest $860 and leave it in an account for 14 years. Assuming the interest is compounded quarterly, what

Question

Daniel is going to invest $860 and leave it in an account for 14 years. Assuming the interest is compounded quarterly, what interest rate, to the nearest hundredth of a percent, would be required in order for Daniel to end up with $1,060?

Kunduz · Accepted Answer

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